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Author Topic: How do you decide when it's time to sell?  (Read 13443 times)
ivanst776
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November 08, 2017, 10:34:24 AM
 #381

I always decide selling bitcoin on my situations,sometime bitcoin price will increase on that case i am happy to sell it.some crucial times also i will set the bitcoins.
In short you are trying to say that selling your Bitcoins is due to a mere reason of falling short  of money supply required meet the daily needs of a person. but if you allow me to guide you in this regard then my  suggestion would obviously be a big no to selling the BTCs. this is because prices we rise to a higher level without you getting noticed about the situation and hence it would become impossible for you to buy whatever you have sold again.
Everyone does the same for selling bitcoin. You never know about untold and unwarned financial crisis and to overcome them, you are supposed to sell off bitcoin. Personally I am in favor of setting targets with bitcoin and sell them off when you reach your targeted value and if we look at the current situation of bitcoin, holding is best till the mid of December because then bitcoin will be of 7k dollars.

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CryptoNerd75
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November 08, 2017, 11:14:32 AM
 #382

i use stochastics-oscillator and when it is in the upper region i sell
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November 08, 2017, 12:14:18 PM
 #383

Other than emergency needs I used to fix a target and sell it when the price reaches the particular amount. Recently made a selling of bitcoin at the price of $6500, and by the next day the price went close to $7000 and soon crossed the same. So, even while fixing the target and selling you need luck to experience better profit than expected.



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Wyne
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November 08, 2017, 12:17:20 PM
 #384

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

My husband strategy in selling bitcoin is he sell bitcoin when the price is high.  Unlike others, he kept on monitoring the price of bitcoin.  And every time the price is high, it is the best opportunity for him to sell his bitcoins.  But when the bitcoin price is low, he start buying bitcoin.  It is just proper timing. So, this is also my strategy.

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November 10, 2017, 01:27:53 PM
 #385

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.


 
 
 
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November 10, 2017, 02:47:08 PM
 #386

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.


Selling bitcoin depends in the necessity of the owner and of course the price of its exchange. The higher the price the best time to sell bitcoin because the more people also want to buy it. Just be careful of your wallet so that no one can access your hard earned bitcoins while your holding it.

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November 11, 2017, 07:05:37 AM
 #387

I always decide selling bitcoin on my situations,sometime bitcoin price will increase on that case i am happy to sell it.some crucial times also i will set the bitcoins.

I think you should sell only if needed. If you don't have any emergency, then bitcoin holding is the best choice. And you don't need to sell your stash, just get a few then keep the remaining because bitcoin will surely increase in the future. Personally, I'm not selling specially with the current price, I'm expecting it to grow more before segwit2x and then I will decide if I needed to sell because the price might go down. But in any cases, hodling is the really good at this time.
I think it is not appropriate time to sell Bitcoin as there are chances that the prices may go high. It is usually sell out when one feels that the rate may come down, presently I do not see such situation. However if one needs money immediately then one should sell in minimum amount to avoid loss. The remaining Bitcoin may be hold on.

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November 12, 2017, 01:56:37 AM
 #388

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

I've decide to sell my altcoins  if i see the open order of the price is high above the expection value what i want.because if you sell in low target price because you needed badly maybe you will dissapointed,so in order to gain more profits we must find a best strategy when to trade our bitcoins,in the right time.

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November 12, 2017, 02:22:24 AM
 #389

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

Depends on a lot of things that all boil down to one thing:  market conditions

I'll tell you, when I started I knew the key to being successful was to be flexible, but all the material I found said "Take no less than 2x risk and sometimes 3x or more depending upon the trade"   I found a ton of different methods to define "sometimes" and "depending" and eventually, with no other options I gave in and found myself asking the same questions you are.  Sometimes my trades would reverse right before my take profit point.  Sometimes I'd take 2x profits and see it run 5x or more. . and did I ever need that money to mitigate previous losses!   It was infuriating, and the none day I found myself back at the beginning learning to be flexible.

First, if you haven't accepted that you'll almost never buy on the lowest tick of a move and sell on the highest please do that now.  It's all about taking your profits out of the middle.  Getting better causes your middle to get wider. . . or something.

Second, I learned to lean on my experience and to know what type of market conditions I'm dealing with.  If I'm in a choppy market the distance between value and weakness will be smaller. 

Third (and most specifically), I found truth in volume.  This is a discussion that can take up many books but to boil it waaaaay down think of it like looking at a TrueCar report.  They show you a distribution of cars sold   1x @ 32,000   5x @ 35,000  1x @ 37,000 and we're helping you get it at $32,500!  Right?   That's value, and you can tell because almost no one is paying that little.  Weakness is on the other side.   No one, except for one schmuck with bad credit and no negotiating skills paid $37,000 because the price is too high.  The market can't support it.

Most recently bitcoin almost hit 8k,  but when it got there volume dried up and sellers came in hot and heavy.  The market couldn't support it, and the price dropped quickly.

So that's how I do/did it.  It takes time to learn how, but once you do you'll see it all markets.

Christopher Moore
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November 12, 2017, 02:39:39 AM
 #390

I will decide time to sell when i see another coin that is more potent than bitcoin. Because i want to find an alternative investment opportunity with better upside potential.


     
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November 12, 2017, 03:29:08 AM
 #391

for me i sell my coin if i see the price is higher longer than my fund before..sometimes greedy can make you to blame your self because waiting to much higher.. just sell if you know your coin is already earn...
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November 12, 2017, 03:33:10 AM
 #392

my strategy when i decide is wait until the price go up and when it's low i will not sell until it will go back to a high price so i can earn more.

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November 12, 2017, 03:56:11 AM
 #393

my strategy when i decide is wait until the price go up and when it's low i will not sell until it will go back to a high price so i can earn more.

For now that's the current situations that we should do because the alts were on the way to pump of its price, we better not put our hands into weak status because regrets may follow. In order for us to sell right aways, never decide in a lower price and its better to have the current monitoring of the price so that you eventually check the daily trades or the quicker price that may surge up higher that its recent value in the market. After all of the dumps thats happening right now the reality of it the price will be back to bigger value again and we can see the predictions to come to reality this month end of the year.

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November 12, 2017, 04:21:50 AM
 #394

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
Im not yet try this trading but based on my research try to buy or hold this if the line is low then sell it when you see some  people sell their bitcoin because it cause to dump again this is a cycle of trading just be patient always.

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November 12, 2017, 05:05:45 AM
 #395

Depends on the coin you are holding, with bitcoin you really dont sell it per say, you just let it do its thing, remember its going to go up and down but everyone main objective is to get it going up in price, so just hold on and enjoy the ride. Dont pull out every time it dips, even if its a large dip, it will eventually bring itsself back up.
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November 12, 2017, 05:19:35 AM
 #396

Depends on the coin you are holding, with bitcoin you really dont sell it per say, you just let it do its thing, remember its going to go up and down but everyone main objective is to get it going up in price, so just hold on and enjoy the ride. Dont pull out every time it dips, even if its a large dip, it will eventually bring itsself back up.

i think it still depends on the trader, if he wants or needs money urgently then he might want to sell his coins immediately even if the value of the coins arent that high enough but if he doesnt need it then its better if he can  just hold it until he is satisfied with value of the coin. though in my case , i usually sells whenever i see an unusuall increase in the price (i.e 2x or 3x)

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November 12, 2017, 05:41:33 AM
 #397

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
When the value of bitcoin goes up think wisely because no one can predict if the value goes down and up so if the value of bitcoin goes up try to sell a half of your bitcoin this is the wise thing that i adviced to you.

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November 12, 2017, 07:53:10 AM
 #398

I think you need to monitor it everytime. Don't trade if your lazy to watch of your coin. Just sell if the price gets higher.
That may depend on you how to make profits. What you have said, this is like profiting with fixed margins. Anytime when you have achieved your profit margin just sell, don’t wait. But this may be different in case of person who is interested in long term profiting.

Like holding their coin. In this one, you have to be patient for a long a time and no need to sell at any high place until a big profit margin have been achieved.

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November 12, 2017, 08:02:07 AM
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I think you need to monitor it everytime. Don't trade if your lazy to watch of your coin. Just sell if the price gets higher.
That may depend on you how to make profits. What you have said, this is like profiting with fixed margins. Anytime when you have achieved your profit margin just sell, don’t wait. But this may be different in case of person who is interested in long term profiting.

Like holding their coin. In this one, you have to be patient for a long a time and no need to sell at any high place until a big profit margin have been achieved.
well in my part i believe  that time of selling maybe always on a high price.no fool would do selling if they dont want the  amount to sell. Selling bitcoin in a low price  is  wasting that is why i believe that bitcoin is  a game of ectending patience i really cant explain person without patience in this field of crytocutrency world.even in any types of situation we really need to have patience so then have more patience and gain.

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November 12, 2017, 08:20:36 AM
 #400

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.
Agreed, in my opinion long term investment makes better opportunity in profits and actually its pretty simple that you should always had an exit plan before you getting into the market, getting in is easy but getting out isn't as simple as you think and we can't never predicts a high or low of a currency but as long as we stick to our trading plan and executed it without doubts then the result will be much satisfying other than contemplating an action which never be done because of fear and greed  Grin

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